PITTSBURGH, Feb. 3, 2020 /PRNewswire/ -- Federated Investors,
Inc. and Hermes Investment Management have combined their names to
become Federated Hermes, Inc., a $576
billion global asset manager. Federated Hermes is unveiling
an updated corporate identity, focused on a commitment to
responsible investing to achieve financial outperformance.
The new name reflects the combining of two leading active
management firms. Federated Hermes offers world-class active
investment management and engagement services across a wide range
of asset classes for investors around the world. The combined
identity was achieved by Federated Investors, Inc. changing its
corporate name. The company also has changed its New York Stock
Exchange (NYSE) ticker symbol from FII to FHI, with the firm's
common stock trading under the FHI ticker symbol for the first time
today.
"More than a new name or ticker symbol, our company brings
together the best of both Federated and Hermes," said J.
Christopher Donahue, president and
chief executive officer of Federated Hermes, Inc. "We now have all
the components together to take advantage of opportunities across
the globe while enhancing two successful business cultures. And our
new corporate identity is a tangible expression of our conviction
that responsible investing is the best way to create wealth over
the long term."
The company offers financial intermediaries and institutions
strategies that include regional and global high-active-share
equities, fixed income, liquidity, real estate, infrastructure,
private equity and private debt. Beyond investment management,
Federated Hermes provides stewardship services through EOS at
Federated Hermes, including engagement with equity and bond
issuers, proxy voting and policy advocacy.
"By investing responsibly, we aim to help people retire better,
strive for better risk-adjusted returns and, where possible,
contribute to positive outcomes in the wider world," said Saker
Nusseibeh, chief executive officer of Hermes Fund Managers
Limited.
A new company logo combines the names of two firms with
long-established reputations for business integrity, along with a
symbol—a beacon—that serves as a visual shorthand for the new
brand. The symbol reflects the positive actions of one individual
or the effects of one idea radiating out to influence many. The
logo anchors the Federated Hermes visual identity, and its colors
and shapes will be reflected throughout the FederatedHermes.com
website and marketing materials.
In 2018, Federated Investors, Inc. acquired a controlling
interest in Hermes Fund Managers Limited. Since then, Federated has
launched five mutual funds for U.S. investors modeled after Hermes
products, has integrated Hermes' ESG factors into the liquidity
fund investment decision process, and is in the process of
incorporating the same into Federated equity and fixed-income
strategies. Federated also has launched a Responsible Investing
Office and become a client of EOS, a leading stewardship and
engagement business that has board- and executive-level engagement
as its hallmark.
In celebration of the company's transformation, Donahue will
ring The Opening Bell at 9:30 a.m.
Eastern today at the NYSE. Nusseibeh and several representatives of
Federated Hermes will join Donahue at the event. For more
information on the rebranding and other company insights, visit
FederatedHermes.com.
Federated Hermes, Inc. is a leading global investment
manager with $575.9 billion in assets
under management as of Dec. 31, 2019.
Guided by our conviction that responsible investing is the best way
to create wealth over the long term, our investment solutions span
135 equity, fixed-income, alternative/private markets, multi-asset
and liquidity management strategies and a range of separately
managed account strategies. Providing world-class active investment
management and engagement services to more than 11,000 institutions
and intermediaries, our clients include corporations, government
entities, insurance companies, foundations and endowments, banks
and broker/dealers. Headquartered in Pittsburgh, Federated Hermes' nearly 1,900
employees include those in London,
New York, Boston and several other offices worldwide.
For more information, visit FederatedHermes.com.
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SOURCE Federated Hermes, Inc.